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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedSep 15, 2024
DataAggregated Company Financials
Companies9
  • 7D2.4%
  • 3M22.2%
  • 1Y-1.4%
  • YTD-0.06%

Over the last 7 days, the Healthcare Services industry has risen 2.4%, driven by gains from EBOS Group of 3.9%. During this same period, the Radius Residential Care underperformed, falling 12%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the New Zealand Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Sep 2024NZ$15.0bNZ$16.1bNZ$859.9m16.1x17.4x0.9x
Wed, 14 Aug 2024NZ$14.6bNZ$15.5bNZ$873.2m15.6x16.8x0.9x
Fri, 12 Jul 2024NZ$12.6bNZ$15.8bNZ$877.7m12.2x14.4x0.8x
Sun, 09 Jun 2024NZ$12.5bNZ$15.3bNZ$869.4m12x14.4x0.8x
Tue, 07 May 2024NZ$13.3bNZ$15.5bNZ$1.1b10.6x12.3x0.9x
Thu, 04 Apr 2024NZ$13.9bNZ$15.4bNZ$1.1b12.4x12.9x0.9x
Sat, 02 Mar 2024NZ$14.0bNZ$15.1bNZ$1.1b11.6x13.1x0.9x
Mon, 29 Jan 2024NZ$14.9bNZ$14.8bNZ$899.8m15.9x16.5x1x
Wed, 27 Dec 2023NZ$14.4bNZ$14.8bNZ$899.7m15.4x16x1x
Fri, 24 Nov 2023NZ$14.0bNZ$14.8bNZ$884.5m23.1x15.9x1x
Sun, 22 Oct 2023NZ$14.3bNZ$14.7bNZ$884.0m23.8x16.2x1x
Tue, 19 Sep 2023NZ$15.0bNZ$14.8bNZ$884.7m20.8x17x1x
Thu, 17 Aug 2023NZ$15.3bNZ$14.0bNZ$857.7m22.5x17.8x1.1x
Sat, 15 Jul 2023NZ$16.0bNZ$13.9bNZ$855.7m23.6x18.7x1.1x
Mon, 12 Jun 2023NZ$14.8bNZ$14.2bNZ$861.9m21.7x17.1x1x
Wed, 10 May 2023NZ$15.4bNZ$13.8bNZ$1.4b13.8x11.3x1.1x
Fri, 07 Apr 2023NZ$15.7bNZ$13.8bNZ$1.4b14.7x11.6x1.1x
Sun, 05 Mar 2023NZ$15.2bNZ$14.0bNZ$1.4b15.7x11.2x1.1x
Tue, 31 Jan 2023NZ$15.8bNZ$13.1bNZ$1.5b18.1x10.7x1.2x
Thu, 29 Dec 2022NZ$14.7bNZ$12.9bNZ$1.5b15.7x10x1.1x
Sat, 26 Nov 2022NZ$14.6bNZ$12.7bNZ$1.5b15.3x10x1.1x
Mon, 24 Oct 2022NZ$15.0bNZ$13.2bNZ$1.6b9.8x9.5x1.1x
Wed, 21 Sep 2022NZ$16.0bNZ$13.4bNZ$1.6b10.7x10.1x1.2x
Fri, 19 Aug 2022NZ$16.6bNZ$12.1bNZ$1.7b12x9.8x1.4x
Sun, 17 Jul 2022NZ$15.8bNZ$12.1bNZ$1.7b11x9.3x1.3x
Tue, 14 Jun 2022NZ$16.2bNZ$12.2bNZ$1.7b11.6x9.5x1.3x
Thu, 12 May 2022NZ$16.4bNZ$12.0bNZ$1.5b8.8x10.8x1.4x
Sat, 09 Apr 2022NZ$17.5bNZ$11.8bNZ$1.5b9.4x11.6x1.5x
Mon, 07 Mar 2022NZ$17.0bNZ$11.8bNZ$1.5b9.8x11.3x1.5x
Wed, 02 Feb 2022NZ$17.3bNZ$11.1bNZ$1.4bn/a11.9x1.6x
Fri, 31 Dec 2021NZ$19.2bNZ$11.0bNZ$1.4b24.4x13.3x1.8x
Sun, 28 Nov 2021NZ$17.5bNZ$10.8bNZ$1.4b12.3x12.1x1.6x
Tue, 26 Oct 2021NZ$19.0bNZ$10.8bNZ$1.3b17.4x14.1x1.8x
Thu, 23 Sep 2021NZ$19.0bNZ$10.7bNZ$1.3b17.2x14.2x1.8x
Price to Earnings Ratio

14.2x


Total Market Cap: NZ$19.0bTotal Earnings: NZ$1.3bTotal Revenue: NZ$10.7bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Services Industry Price to Earnings3Y Average 13.2x202220232024
Current Industry PE
  • Investors are optimistic on the New Zealander Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.4x which is higher than its 3-year average PE of 13.2x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.93x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 14% per year over the last three years.
  • Meanwhile revenues for these companies have grown 15% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the New Zealand Healthcare industry?

NZ Market1.39%
Healthcare2.69%
Healthcare Services2.40%
Healthcare Services4.37%
Healthcare Distributors3.88%
Healthcare Facilities1.10%
Managed Healthcare0%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 32.3x.
    • Analysts expect its future annual earnings growth (6.9%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Healthcare Facilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 69% per year.
  • In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 6.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EBO EBOS GroupNZ$36.233.1%
+NZ$209.1m		3.2%PE23.7x
RYM Ryman HealthcareNZ$4.692.0%
+NZ$61.7m		-27.8%PE673x
SUM Summerset Group HoldingsNZ$11.701.1%
+NZ$30.6m		18.4%PE6.8x
TAH Third Age Health ServicesNZ$2.152.4%
+NZ$500.2k		35.2%PE15.4x
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Latest News

EBO

NZ$36.23

EBOS Group

7D

3.1%

1Y

3.2%

An Intrinsic Calculation For EBOS Group Limited (NZSE:EBO) Suggests It's 22% Undervalued

Sep 15
An Intrinsic Calculation For EBOS Group Limited (NZSE:EBO) Suggests It's 22% Undervalued

MEE

NZ$0.074

Me Today

7D

-1.3%

1Y

-81.5%

SUM

NZ$11.70

Summerset Group Holdings

7D

1.1%

1Y

18.4%

RAD

NZ$0.17

Radius Residential Care

7D

-15.0%

1Y

-2.9%

These 4 Measures Indicate That Radius Residential Care (NZSE:RAD) Is Using Debt Extensively

Aug 23
These 4 Measures Indicate That Radius Residential Care (NZSE:RAD) Is Using Debt Extensively

RYM

NZ$4.69

Ryman Healthcare

7D

2.0%

1Y

-27.8%

Is Ryman Healthcare (NZSE:RYM) Weighed On By Its Debt Load?

Aug 16
Is Ryman Healthcare (NZSE:RYM) Weighed On By Its Debt Load?

TAH

NZ$2.15

Third Age Health Services

7D

2.4%

1Y

35.2%

Third Age Health Services Limited's (NZSE:TAH) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Aug 14
Third Age Health Services Limited's (NZSE:TAH) Price Is Right But Growth Is Lacking After Shares Rocket 26%

OCA

NZ$0.79

Oceania Healthcare

7D

-3.7%

1Y

3.9%

Oceania Healthcare Limited (NZSE:OCA) Stock Rockets 31% But Many Are Still Ignoring The Company

Jul 22
Oceania Healthcare Limited (NZSE:OCA) Stock Rockets 31% But Many Are Still Ignoring The Company